Reporting and analysis on retail, e-commerce, and consumer trends in Korea, updated continuously by our newsroom.
While finalising a buyer for its China and Hong Kong stores, McDonald’s Corp has decided to keep a “significant” minority stake. The US fast-food chain has picked a consortium led by private-equity firm Carlyle Group and Chinese conglomerate Citic Group to…
America’s all-time favorite pretzel brand Snyder’s of Hanover will re-enter South Korean snack market via local snack maker Crown Confectionery Co., with the salty and buttery biscuit gaining popularity as a tidbit among beer and wine lovers in Korea. A…
Lego Korea is to launch its first shop at the Hyundai Department Store Pangyo branch in Gyeonggi Province, southeast of Seoul, on Friday. Officially certified by the Lego Group headquarters in Denmark, it will differentiate itself in design from outlets that…
South Korean online shopping reached a new record high in October, aided by a nationwide discount event, according to government sources. Total online transactions reached a record 5.6 trillion won (US$4.8 billion) in October, up 17.3 per cent from 4.8…
Korean chain K-Market is in talks with VinGroup to expand its network. K&K, the owner of K-Market supermarket chain and K-Food, wants to expand by opening inside VinGroup’s commercial centres. K-Market currently locates its retail stores inside Lotte Mart and…
The Group of Two’s recent protectionists policies followed by Donald Trump’s victory in the U.S. presidential election and China’s economic retaliation against Korea over the deployment of a Terminal High Altitude Area Defense system seem to be serious risks…
It took me a while to figure out what the big deal was. It’s not that people buy a $1.99 game, then get a refund and keep playing.It’s that people buy $100 in in-game “currency” using an in-app purchase, then get a refund, and keep the $100 of in-game…
South Korea is the next country looking to go cashless. That in itself may not surprise most people, but the way the government is going about things will raise a lot of questions. It appears the current plan is to force people to hand over all of their…
Yogibo bean bags, which started in a Nashua, USA, basement in 2009, is about to launch in Korea. The brand has proven a hit in Japan, where 20 of its 50 global stores are located, and now the company has opened a pop-up store in Seoul after appointing a local…
Samsung Pay will now be available for franchises in South Korea owned or run by Shinsegae, which owns its own brand of department stores, Samsung Electronics has announced. The mobile payment service will be available in Starbucks — the coffee chain is run by…
In order to recover their profit lost due to Galaxy Note 7 issues, Samsung decided to launch the Galaxy On7 in South Korea. The phone is 55-inch and is packed with 3GB Ram and a 16GB memory. It is metal framed and comes with an 8-megapixel front camera and…
Teslarati reported on November 28 that Tesla Motors is all-set to open its first showroom inside South Korea’s largest shopping mall, the Starfield Hanam Complex. The store is expected to open today. However, the news didn’t do much to the stock as TSLA…
Under Armour Korea plans to open flagship stores to make the most of its growing popularity in the Asian market. The US-headquartered sports brand says it has opened an office in South Korea to operate its business directly from next year, after taking over…
Local carrier Cebu Pacific opened Tuesday its regional office in South Korea as part of its regional promotion and expansion. In a statement, CEB said its office is located at 7th floor, Section B, Sesomunro 106, Jung-Gu, Seoul, Korea. CEB’s Korea branch…
South Korean department stores are tipped to chalk up sales of more than 30 trillion won (US$25.6 billion) for the first time this year. That would make if 86 years since the country’s first department store opened in 1930. Industry commentators say the…
Revenue plunged by 21.5 per cent for jeweller Luk Fook Holdings (International) to reach HK$5.5 billion (US$709 million) for the six months to September 30. Its interim results also show a drop of 31.5 per cent in overall same-store sales for the period.…
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